Bridge Investment Group Holdings Inc. (NYSE:BRDG) Short Interest Update

Bridge Investment Group Holdings Inc. (NYSE:BRDG) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 428,600 shares, a growth of 21.8% from the December 15th total of 351,900 shares. Based on an average daily volume of 240,700 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.2% of the shares of the stock are short sold.

Insider Activity

In related news, Vice Chairman Dean Allara sold 10,438 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $86,531.02. Following the sale, the insider now directly owns 683,606 shares in the company, valued at approximately $5,667,093.74. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Robert Randolph Morse sold 45,343 shares of Bridge Investment Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $375,893.47. Following the sale, the chairman now directly owns 3,249,076 shares in the company, valued at $26,934,840.04. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,187 shares of company stock worth $1,204,966 over the last ninety days. 73.00% of the stock is currently owned by insiders.

Institutional Trading of Bridge Investment Group

A number of large investors have recently bought and sold shares of BRDG. FMR LLC grew its position in Bridge Investment Group by 288.0% during the 3rd quarter. FMR LLC now owns 1,509,690 shares of the company’s stock worth $14,901,000 after acquiring an additional 1,120,549 shares during the last quarter. Jennison Associates LLC boosted its stake in Bridge Investment Group by 2.3% in the third quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock worth $33,271,000 after purchasing an additional 74,779 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Bridge Investment Group during the third quarter worth $638,000. Quest Partners LLC acquired a new stake in shares of Bridge Investment Group in the third quarter valued at $448,000. Finally, Geode Capital Management LLC raised its holdings in shares of Bridge Investment Group by 11.2% in the third quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock valued at $4,026,000 after buying an additional 40,975 shares during the last quarter. 52.83% of the stock is currently owned by institutional investors.

Bridge Investment Group Trading Up 2.3 %

Bridge Investment Group stock opened at $7.89 on Friday. The business has a 50 day moving average price of $8.93 and a two-hundred day moving average price of $8.89. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. Bridge Investment Group has a 12 month low of $6.18 and a 12 month high of $11.69. The stock has a market cap of $955.08 million, a price-to-earnings ratio of 197.25 and a beta of 1.57.

Bridge Investment Group (NYSE:BRDG) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The firm had revenue of $101.51 million during the quarter, compared to analyst estimates of $85.00 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. As a group, equities analysts forecast that Bridge Investment Group will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Friday, December 6th. Bridge Investment Group’s payout ratio is 1,000.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BRDG. UBS Group raised their price target on shares of Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen cut their price objective on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company lowered their price target on Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley lowered shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $14.00 to $11.00 in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $10.00 target price (down from $12.00) on shares of Bridge Investment Group in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.40.

Bridge Investment Group Company Profile

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.